Forex Trading Strategies

Forex Trading Strategies
The Forex market incorporates two primary types of Forex
trading strategies. One such Forex strategy is based on a
fundamental analysis and the other is based on a technical
analysis. As a trader, you will likely have to incorporate
both types of Forex strategies in your overall Forex
trading strategy. Fundamental analyses are based on
economic factors while technical analyses are based on
price. There is a general consensus among market
participants that the most highly traded currency pairs in
the Forex market tend to be technical and the more exotic
currency pairs tend to be more fundamental.

While both types of analysis are necessary for successful
and profitable trades, most traders tend to rely more on
one type than the other. When your Forex trading strategy
incorporates technical analysis, you must be prepared to
deal with the mathematical concepts necessary to manipulate
pricing data. Likewise, when you incorporate fundamental
analysis in your trading strategy, you must be prepared to
handle the multitude of economic factors necessary to base
your trades. In the end, the variety of economic data must
be converted into price predictions and many traders resort
to technical analysis because it is thought to have a built
in mechanism for completing the conversion. However,
incorporating a purely technical Forex trading strategy
without regard for the fundamental aspects of the market is
much like trading on luck. Sometimes you win, sometimes not.

Other factors that will influence your Forex trading
strategy are your ability to manage money and to handle the
psychological implications of participating in the Forex
market. While many people have profited from their Forex
trading strategies, losses are all but guaranteed with
Forex trading systems. One of the nuances of Forex trading
is that it involves calculated risks. If your financial
situation or emotional circumstance is such that you cannot
afford to sustain losses, you will likely loose more than
your investment dollars, particularly if your losses are
easily converted to physical illness.

It is important to develop a Forex trading strategy that
complements your lifestyle and temperament. You need to
understand the investment, the risks and the impact that
your choices will have on your investment dollars and your
lifestyle. In Forex trading, it is quite possible for a
loss to multiple itself as market conditions vary and
change. Your Forex trading strategy must include a plan of
action in the case of a loss as well as a win. Another
consequence of Forex trading is overconfidence.
Overconfidence has caused many traders to engage other more
costly and more risky trades following a win or series of
wins. You will have to be responsible to dedicate the time
necessary to track and analyze the trades that you engage.
It only makes since that you engage a number a trades that
you are reasonably able to manage during a given trading
session. Forex trading can also become addictive for
certain personalities. Your Forex trading strategy should
include indicators that alert you when it is time to enter
or exit trading. You cannot become overconfident about a
win or series of wins. Likewise you cannot become too
depressed over a loss or series of losses. FOREX trading
systems are based on calculated risks and the wrong
calculation leads to more risk and the potential for more
loss.

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Andrew Daigle is the owner, creator and author of many
successful websites including ForexBoost at
http://www.ForexBoost.com and
http://forex-trading-system.typepad.com , Free Forex
Training Resource for the Novice and Advanced Forex trader.

FHA Refinance Options

FHA Refinance Options
FHA mortgages have always been very good loans for the
homebuyer. In today's market the FHA refinance programs
offer maximum benefits to the homeowner that wants to lower
payments or get out of an adjustable rate mortgage. FHA
offers three types of refinance mortgage loans: Cash-Out,
No Cash-Out, and Streamline Refinance.

Streamline refinances were designed to lower monthly
payments on FHA mortgages only. They can be done with or
without an appraisal, and with or without credit
qualification. The streamline refinance does not allow for
any cash back to the borrower.

Loan Type Conversion Allowed:

1. 30 yr fixed to 30 yr fixed: The new payment must be
lower than the old payment.
2. 30 yr fixed to 15 yr fixed: New payment cannot be more
than $50 higher. Note: 15 yr fixed to 30 yr fixed is not
allowed.
3. Fixed Rate to ARM: Owner occupied homes only
4. ARM to Fixed Rate
5. ARM to ARM: Rate must be lower than current loan
6. 203K to 203B

Streamline Refinance "Without" An Appraisal:

The new loan amount cannot be more than the original loan
amount, OR more than the current principle balance plus
closing cost. ... Which ever is less. This only applies
to owner occupied as non-owner occupied borrowers can only
refinance the existing balance do not have the option of
rolling in the closing costs.

The only credit verification required is a verification of
mortgage payments. This can be done with 12 copies of
cancelled checks, front and back. IF cancelled checks are
available, no in-file report is required unless the
underwriter prefers that method to verify mortgage payments.

Streamline Refinance "With" An Appraisal:

An FHA streamline refinance with an appraisal allows the
borrower to finance in the closing costs, discount points,
and prepaids provided it all fits within the loan to value
limits. The new loan amount may be the current principle
plus closing costs, discount points and prepaids, OR, the
appraised value x 97.75% (97.65%, or 97.15%, high or low
cost state). Which ever is less!

IF the smallest of these two values is greater than the
original mortgage balance credit verification is required.

Streamline Refinance - "Credit Qualifying":

The loan amount is calculated based on the previous
formulas and qualifying requires full employment
verification, credit report, and debt to income ratio
compliance. Typically these loans are used when the new
mortgage payment will be higher, deletion of a borrower on
new mortgage, or in assumptions involving due-on-sale
clauses.

FHA "No Cash Out" Refinance:

This regular no-cash-out loan may be used to refinance an
FHA mortgage, VA mortgage, or a conventional mortgage and
requires the borrower to fully qualify. Second mortgages
may be included in the new loan if they are older than one
year or you can prove that the funds were used solely to
repair or rehabilitate the home. If not, paying off or
including these loans would be considered a cash-out
refinance.

This loan can be used to buy out the equity of an ex-spouse
provided it is documented in the divorce papers. It is
still considered a no-cash-out because this equity is
considered indebtedness.

IF the property was purchased less than a year ago and is
not currently an FHA loan, the loan amount will be the
appraised value plus closing cost, OR the original sales
price plus closing cost. Which ever is less!

If the purchase was more than a year ago and not currently
FHA, the loan amount would be calculated the same as a
"streamline refinance with an appraisal".

FHA "Cash Out" Refinance:

This loan can be used to refinance an FHA loan, VA loan, or
Conventional loan. This loan has many advantages: Max
loan to value is 75% for conventional loans but FHA loans
allow 85% plus a portion of the closing costs.

The property must be owner occupied and the borrower must
fully qualify.

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Connie Sanders is available to answer any mortgage
questions you have and can be reached from her web sites at
http://www.fha-mortgageunderwriters.com or
http://www.fsbobasics.com

Free Credit Report; is it necessary during today's times?

Free Credit Report; is it necessary during today's times?
Credit Worthiness

Free Credit Reports are plastered all over the place,
internet, TV, radio, and mail. The need to know is so
important these days because everyone wants to know your
credit. The current credit crunch that is taking place is
making it tough to get loans, jobs, credit cards, and / or
new place to rent. We all know things come up and cause
credit issues, but if your credit shows a pattern of credit
problems creditors want to know your risk. The foreclosure
boom that is taking place now has almost put some of the
biggest banks out of business. Fair Isaacs's new software
Next Gen is so precise in determining your risk, it will be
the standard for calculating your score. With this new
software it will soon be adopted with Freddie and Fannie in
the underwriting decision process. Call me silly, but it
looks like having your free credit report during today's
times is a must.

Identity Theft

The digital age has also has made your information
accessible, and if there is some kind of security breach
you would never know unless you signed up for credit
monitoring services. The 3 credit bureaus now offer credit
report monitoring services. Since this is a huge problem,
this is another reason to have a copy of your free credit
report to see if there is anything on there that may not be
yours. Identity theft is such a huge problem that you
cannot take any risks. According to statistics, once you
have been robbed of your good name, you will be out of
pocket somewhere in the range of $8,000. Identity Theft
does not care who you are, they will steal you blind and
destroy your credit.

Save Money

Having a copy of your Free Credit Report will save you
money on credit cards, bank installments, mortgage rates,
and just about any loan you apply for. In past articles we
have discussed how you would end up paying thousands of
dollars more because either you were not educated about
your report, or you just had bad credit period. The result
was creditors charged high interest rates on borrowed
money. Just imagine if you could save an extra $200.00
dollars a month because you knew your credit scores and
what was being reported about you. $200.00 dollars a month
over 15 yrs is $36,000 dollars saved not including interest
earned. If you start to really get down to the nuts and
bolts of your personal creditworthiness and how it can
affect your life I would say it's pretty darn important. I
would not wait any longer, get your report today and be an
educated and protected consumer.

----------------------------------------------------
About the Author: Mike Clover is the owner of
http://www.my720fico.com . My720fico.com is one of the most
unique on-line resources for free credit score reports,
Internet identity theft software, secure credit cards, and
a BlOG with a wealth of personal credit information. The
information within this website is written by professionals
that know about credit, and what determines ones credit
worthiness.